Energy

Shell, PetroChina nodded for Arrow bid

(Agencies)
Updated: 2010-07-13 10:19

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A petrol delivery vehicle drives past a PetroChina gas station in Beijing, March 25, 2010.?[Agencies]

Royal Dutch Shell Plc and PetroChina Co have been given approval from the Chinese government for their A$3.4 billion ($2.97 billion) acquisition of Australian coal-seam gas company Arrow Energy Ltd, the Australian Financial Review reported citing an unidentified PetroChina spokesman.

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The approval from China's National Development and Reform Commission was formally received last week, the newspaper said, citing the spokesman.